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2 replies

Employee
March 24, 2022

You probably have it because you answered a TurboTax question about education expenses that you paid.

 

For more info about what it is, refer to https://www.irs.gov/newsroom/tax-benefits-for-education-information-center   Click the links for details.  You can also see IRS Publication 970, Tax Benefits for Education, which is a link in the previous link.

AmyC
Employee
March 24, 2022

The Lifetime Learning Credit is for college students that do not qualify for the American Opportunity Tax Credit. See Available Education Credits for the differences. If you have a form 1098-T from a college, the program knew to check for the extra credit for you.  For complete details, see Publication 970, Tax Benefits for Education.

 

 

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